CarMax (NYSE:KMX) Issues Earnings Results, Beats Expectations By $0.01 EPS

CarMax (NYSE:KMX) announced its earnings results on Wednesday. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01, MarketWatch Earnings reports. The company had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.17 billion. CarMax had a net margin of 4.01% and a return on equity of 20.30%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share.

Shares of NYSE:KMX traded down $9.35 during mid-day trading on Friday, hitting $123.31. 4,638,069 shares of the company traded hands, compared to its average volume of 1,350,385. The firm’s 50 day simple moving average is $127.16 and its 200 day simple moving average is $106.46. The firm has a market cap of $20.04 billion, a P/E ratio of 27.16, a PEG ratio of 2.16 and a beta of 1.76. The company has a debt-to-equity ratio of 3.51, a quick ratio of 0.67 and a current ratio of 2.60. CarMax has a 52-week low of $47.06 and a 52-week high of $136.54.

In other CarMax news, SVP Diane L. Cafritz sold 17,861 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $106.32, for a total transaction of $1,898,981.52. Following the sale, the senior vice president now owns 13,024 shares in the company, valued at $1,384,711.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jon G. Daniels sold 20,129 shares of the firm’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $127.54, for a total value of $2,567,252.66. Following the transaction, the senior vice president now owns 21,609 shares in the company, valued at $2,756,011.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 401,275 shares of company stock valued at $46,173,632. 2.09% of the stock is owned by company insiders.

KMX has been the topic of a number of analyst reports. Wedbush increased their target price on CarMax from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. Oppenheimer started coverage on CarMax in a research note on Wednesday, December 23rd. They set a “buy” rating and a $130.00 price objective on the stock. Morgan Stanley cut their target price on shares of CarMax to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, December 23rd. JPMorgan Chase & Co. cut shares of CarMax from an “overweight” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research note on Wednesday, December 9th. Finally, Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating and set a $130.00 price target for the company in a report on Tuesday, January 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $109.88.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Earnings History for CarMax (NYSE:KMX)

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